4//SEC Filing
O'Driscoll Lisa Y. 4
Accession 0001415889-22-007522
CIK 0001856608other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 6:54 PM ET
Size
7.9 KB
Accession
0001415889-22-007522
Insider Transaction Report
Form 4
O'Driscoll Lisa Y.
Chief Administrative Officer
Transactions
- Sale
Common Stock
2022-07-01$16.00/sh−700$11,200→ 270,983 total - Sale
Common Stock
2022-07-06$16.30/sh−19,300$314,540→ 251,683 total
Footnotes (4)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 12/16/2021. The Rule 10b5-1 trading plan, which was structured to include several sale periods, was established as part of the Reporting Person's long-term strategy for asset diversification and financial, retirement, estate and tax planning activities over a period of time.
- [F2]Represents actual sale price.
- [F3]Includes 1,236 restricted shares of common stock of the Issuer subject to time-based vesting and the Reporting Person's continued service with the Issuer, 144,210 restricted shares of common stock of the Issuer subject to performance-based vesting and the Reporting Person's continued service with the Issuer (a portion of which will vest on the last day of fiscal 2022 or the last day of fiscal 2023, if such performance goals are not earlier achieved), 29,319 restricted stock units subject to time-based vesting, and 33,562 restricted stock units subject to performance-based vesting, in each case, subject to the terms of the applicable award agreement.
- [F4]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $16.00 to $16.58, inclusive. The Reporting Person undertakes to provide to the Issuer, any stockholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Documents
Issuer
Sovos Brands, Inc.
CIK 0001856608
Entity typeother
Related Parties
1- filerCIK 0001882814
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 6:54 PM ET
- Size
- 7.9 KB